Karvy Stock Broking is part of Karvy Group, a Hyderabad based diversified financial service provider. Karvy group was founded in 1982. Karvy group of companies serve over 7 crore customers and over 800 corporates.

Zero AMC Demat Account (Lifetime Free Demat)

Karvy offers Zero AMC Demat Account when customer pays Rs 1200 onetime fee. Note that this is not a refundable deposit. But if customer decide to close the account within the period of 6 years, the refund will be made after deduction of relevant Annual charges.

Karvy Demat Account Review

The demat account provided by Karvy has all standard features. Karvy demat account is well integrated with its trading account for seamless transaction. The demat account can accessed online any time and anywhere. The account can also be accessed by visiting Karvy branch offices.

Karvy Demat Acct Opening Fee

To open a new demat account with Karvy, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the Karvy Demat Account Opening Charges and Karvy AMC as below:

Karvy DP Account Opening Fee: ₹0

Karvy DP Account AMC: ₹420

Share Debit Transaction Fee:

Is demat account mandatory?: No

Karvy Demat Account Charges

Karvy Depository Service Charges

For Resident Retail Customers and Corporates

Particulars

Charges

Account Opening Fee

Nil

Closure of Account

Nil

First Year AMC

Nil

Annual Maintenance Charges

Rs 500

Transaction Charges (Debit)

Rs 12 per instruction (CDSL)

Demat Charges

Rs 5 per certificate + Courier Charges Rs 40

Remit Charges

Rs 20 for every 100 securities or Rs 20 per certificate whichever is higher

Pledge Creation

0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction

Pledge Closure

0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction

Pledge Invocation

0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction